Construction Loans in Illinois — One Close. Zero Surprises.
Whether you're building a custom home in Chicago, renovating in Naperville, or developing in Springfield — Sean Shallis structures construction-to-permanent loans with one closing instead of two, so you pay one set of closing costs.
Single close. Interest-only during build. One rate lock. One appraisal. Draw schedule managed. Originated through a national portfolio lender.
Illinois builders deserve a lender who manages the details.
Sean Shallis is a national construction loan specialist who originates through a national portfolio lender, with the same file and the same underwriter from application to close. He structures single-close construction-to-permanent loans with one closing instead of two, locks your rate before you break ground, and keeps the draw schedule on track so your builder gets paid on time.
Whether you're building a custom home in Chicago, doing a gut renovation in Naperville, or combining construction financing with a physician loan — Sean's construction programs are available nationwide with the same white-glove service.
Custom Build in Illinois
Building from the ground up in Chicago or Naperville? One loan, one close, one rate lock from dirt to doorstep.
Major Renovation
Gut renos and renovation-to-permanent projects in Illinois. Transform an existing structure without juggling multiple loans.
Physician Builders
Physicians building in Illinois can combine construction-to-perm with physician loan benefits. Student loan-friendly DTI available.
Investment Builders
Developing rental or investment properties in Illinois? Competitive terms for experienced investors with $100K+ projects.
One set of closing costs and one appraisal. No second closing when the loan converts.
Pay only interest on funds drawn — not the full loan amount
Lock your permanent rate before construction begins
Generous construction timeline with extension options
Sean vs. Typical Illinois Construction Lenders
Most Illinois lenders require two closings and leave you managing the draw schedule yourself.
Building Across Illinois
Sean works with builders and developers across every Illinois market — and nationwide.
Construction-to-permanent loans available for custom builds and renovations in Chicago.
Construction-to-permanent loans available for custom builds and renovations in Naperville.
Construction-to-permanent loans available for custom builds and renovations in Springfield.
Construction Loan FAQ — Illinois
What's the difference between single-close and two-close construction loans in Illinois?
What's the minimum project size for a construction loan in Illinois?
Can I do a renovation-to-permanent loan in Illinois?
How does the draw schedule work?
Can I combine a construction loan with a physician loan in Illinois?
Can I include lot purchase in my Illinois construction loan?
What's the typical timeline from application to breaking ground?
Ready to plan your Illinois build?
90 seconds with Rosie to get your build budget. No credit impact. No obligation. Or book a 20-minute strategy call with Sean.
Know Illinois before you borrow
How closings work in Illinois
Attorneys handle contract review and closings in the Chicago area; downstate, title companies are more common. Transfer taxes are stacked at the state, county and often city level.
Taxes and transfer costs
Cook County property taxes are assessed on a cycle with an active appeals culture, and bills are paid in arrears, so the tax proration at closing is a real negotiation item.
Insurance that shapes the file
Basement and sewer-backup coverage matter more here than wind; river towns carry flood-zone requirements.
Where people are buying
Chicago · the North Shore and northwest suburbs · DuPage County · Springfield · Champaign-Urbana. First-time and lower-down-payment programs run through the Illinois Housing Development Authority (IHDA).
Plain-English notes, not legal or tax advice. Sean originates in all 50 states. Everything about mortgages in Illinois →